Re: Paranoid about generic Contracts being legal - Posted by William Bronchick
Posted by William Bronchick on October 04, 2003 at 10:21:45:
Generic contracts are “legal”, the question is whether they are “suitable” for your particular use. Furthermore, I’ve found that more often than not, people fill out the forms incorrectly. So, I would pay an atty to review forms and ask a lot of questions “why”. Why is that? Why does that clause need to be there? What’s wrong with this clause or that? What’s the worst that could happen?
In short, use attorneys to identify the legal issues and suggest courses of action, but don’t let them bully you into things because they are afraid. Learn the risks, then tak action according to your own comfort level.
As for the “pro tenant” laws forbidding you from keeping the option money, I doubt that seriously. If you have good forms and do business fairly, I don’t see a judge (even the most liberal one) saying you can’t keep a non-refundable deposit of a few thousand bucks.